CORRECTED-Ford says auto industry needs more Europe output cuts
(Corrects to show Odell gave capacity taken out, not overcapacity, paragraphs 1-2)
DEARBORN, Michigan, July 11 (Reuters) - Ford Motor Co's European chief Stephen Odell on Thursday said that the industry production cuts of 1.5 million to 2 million vehicles in Europe that have occurred or are announced still leave output well above demand.
Ford estimates that Europe's auto industry after those cuts are realized will still be making at least 4 million vehicles a year more than market demand.
Odell told reporters at company headquarters that Ford is maintaining its sales forecast of 13.5 million vehicles in 19 Western Europe nations.
Ford's sales in those 19 markets for June were 6.4 percent higher than a year ago, while the overall industry saw a drop of 6.6 percent in new vehicle sales, Odell said.
(Reporting by Bernie Woodall)